June 28, 2026, Sunday
English

The government reduced the limit of cash transactions, transactions above 5 lakhs should be done through banking

Main News Image

Kathmandu. The government has reduced the limit of cash transactions. The cabinet meeting held on Monday has set a limit that the purchase and sale of services, goods or other transactions of 5 lakhs or more at a time must be done through financial institutions or banking.

Earlier, there was a provision that transactions of more than 1 million rupees should be done through the banking system. The government of Nepal has decided to implement new provisions with the aim of discouraging cash transactions, concluding that wealth is being cleansed through cash transactions.

mediabaaji add

Related News

People's Hydropower will sell 5 lakh shares of Upper Hewakhola

Kathmandu. People's Hydropower Company Limited has announced plans to sell five lakh shares of Upper Hewakhola Hydropower Company Limited through the stock market. In the notice issued by the company, it is mentioned that the shares will be traded...

The price of gold decreased, how much per tola on Monday?

Kathmandu. The price of gold in the Nepali market has decreased today. On the previous day, gold rose by 20,500 rupees per tola, but today it has decreased by 200 rupees per tola.

According to the Nepal Gold and Silver Traders Federation, go...

Cash transaction limit of 5 lakhs maintained, 10 lakhs system abolished

Kathmandu. Nepal Rastra Bank has implemented a system where cash cannot be withdrawn by exchanging checks worth more than 5 lakh rupees. The Central Bank has made it compulsory to have an account payable when issuing checks above 5 lakhs. The limi...

Prachanda-Madhav in Pokhara warned by businessmen not to hold street meetings

Pokhara. Businessmen of Pokhara have protested saying that holding meetings on the streets will affect their business. Nepali Communist Party (NCP) protested at Ekta Synagogue that the Nepali Communist Party (NCP) will...

The amount of contribution to the social security fund reached one billion

Kathmandu. The amount of contribution to the social security fund, which the government has started to bring the citizens under the scope of social security, has reached nearly one billion. According to the fund, so fa...

Nabil Bank won the Trishuli hydropower case in the Chinese court

Kathmandu. Nabil Bank Limited has succeeded in the case related to the counter guarantee of the Trishuli Hydropower Company Limited project in the Chinese court. Nabil Bank said that after the Chongqing Higher People's Court of China ruled in favo...